Jim Cramer's Stop Trading! 10/22/07: Rio's for Real

by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Monday October 22. Click on a stock ticker for more analysis:

Chevron (NYSE:CVX): Cramer said the recent rally was only a “dead cat bounce” for the financials and would sell stock in that sector and buy oil stocks, such as Chevron and minerals.

Rio Tinto (RTP) and BHP Billiton (NYSE:BHP), CVRD (NYSE:RIO), Freeport McMoRan (NYSE:FCX): Cramer was critical of Citigroup’s downgrade of RTP and BHP. He expressed his bullishness on both stocks and included RIO and FCX which he says is not a falling knife but a stopping knife.

KHD Humboldt (KHD) and AECom (NYSE:ACM): Cramer notes ACM is down and says it is a buy. He also likes KHD.

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